It didn’t seem like a problem when the company was preparing for a big IPO.īut Zynga’s share price got decimated over the past year. During its heyday on Facebook it built dozens of games, then aggressively launched mobile games as smartphones gained popularity. The San Francisco-based company had overextended itself.

Along with layoffs, the shutdowns are part of the hard road to recovery for Zynga. The gaming giant will reallocate resources to more successful titles as well as creating new ones. Executing the cost-reduction plan CEO Mark Pincus announced in November, Zynga has shut down, pulled from the app stores, or stopped accepting new players to 11 games, with some turning off today.